Total S.A. downgraded to sector perform from outperform at RBC Capital

A.P. Moeller-Maersk A/S on Wednesday said it would sell its tankers unit to its controlling shareholder for $1.17 billion, the latest move by the Danish shipping and energy conglomerate to break up its sprawling operations and focus on container shipping.

A.P. Moeller-Maersk A/S on Wednesday said it would sell it tankers unit to its controlling shareholder for $1.17 billion, the latest move by the Danish conglomerate to break up its sprawling operations.

A.P. Moeller-Maersk A/S on Wednesday said it would sell it tankers unit to its controlling shareholder for $1.17 billion, the latest move by the Danish conglomerate to break up its sprawling operations.

Total SA FP.FR said Tuesday it has agreed to acquire an indirect interest of 23% in Eren Renewable Energy S.A. in an effort to accelerate growth in its production of power from renewable sources. Total will subscribe to Eren's capital increase for 237.5 million euros ($284.8 million), in a deal that also gives it the possibility to take control of Eren after five years.

Total SA (FP.FR) said Monday it plans to sell its remaining interest in the Gina Krog oil and gas field to Kuwait Foreign Petroleum Exploration Company (Kufpec), in order to focus on other opportunities in Norway.

CROSBY, Texas -- Two explosions were reported at a Texas chemical plant early Thursday, hours after the facility's owner urged residents and others to stay away, that emergency officials said they "expected."

Offshore-drilling services major Seadrill Ltd. said Thursday it will likely file for bankruptcy protection next month as part of a plan to restructure around $10 billion in debt. The Bermuda-based company, controlled by Norwegian shipping magnate John Fredriksen, is one of the world's largest offshore drilling companies.

French oil giant Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S's oil unit for $4.95 billion, signaling a renewed appetite for deals in the global oil-and-gas industry. The deal will help Total bolster its position among the world's largest oil companies, potentially boosting its earnings and cash flow and shoring up its ability to pay dividends.

French oil giant Total SA has agreed to acquire Danish conglomerate A.P. Moeller-Maersk A/S's oil unit for $4.95 billion, the latest sign activity is returning to the sector following a three-year slump in oil prices.

Shares of A.P. Moeller-Maersk AS rallied 5.1% in Copenhagen on Monday after the Danish oil and shipping giant said it has agreed to sell its oil and gas unit to French energy major Total SA for $7.45 billion. Total will pay for Maersk Oil with a mix of $4.95 billion worth of shares and $2.5 billion in short-term debt, giving the Danish conglomerate a 3.76% stake in Total. With the sale, Maersk has now started the process of divesting its energy units and will instead focus on its transport business. Maersk is the world's biggest shipping company. Shares of Total were down 0.6% in early European trade.

The largest U.S. energy companies reported robust profits on Friday, continuing a quarter in which the world's big oil firms reported their strongest gains since a pronounced price crash began in 2014.

LONDON-- Royal Dutch Shell PLC laid out a pessimistic vision for the future of oil on Thursday, even as the company reported success in generating cash during a prolonged downturn. Shell has cut costs and said it is preparing for a world in which crude prices never return to precrash levels and petroleum demand eventually declines.

Three years into a dramatic slump in oil prices, big oil companies seem to have adapted their businesses to a point where they can still generate cash and reduce debt levels even at current oil prices.

French oil giant Total SA (TOT) on Thursday reported net profit of $2 billion in the second quarter and a significant increase in cash flow, signaling the company is continuing to look at new investment opportunities despite ongoing oil price pressure.

Seadrill, one of the world’s biggest offshore drilling companies, has filed for Chapter 11 bankruptcy protection at the Southern District Texas court as part of a plan to restructure roughly $10 billion in debt.

A company whose name stands for Danish Oil and Natural Gas is getting out of both businesses, part of a broader plan to cut its exposure to fossil fuels and produce energy primarily from renewable sources.

The largest crude-oil refinery in Europe may not reopen until later this month after being knocked offline by a fire over the weekend, causing gasoline and other fuel prices to rise globally, says Shell, the facility’s operator.

The largest U.S. energy companies reported robust profits on Friday, continuing a quarter in which the world’s big oil firms reported their strongest gains since a pronounced price crash began in 2014.

It’s been more than five months since President Donald Trump declared that he was putting Iran “on notice.” For the Iranian regime, that is turning out to be a rather comfortable place, as a series of international events have combined to bolster Tehran’s influence, at least for now.

Total S.A. ADR

Total SA explores, develops, produces and markets oil and gas. It is also engaged in trading and shipping of crude oil and petroleum products. The company operates through the following segments: Upstream, Refining & Chemicals and Marketing & Services. The Upstream segment includes the activities of exploration & production and gas. The Refining & Chemicals segment encompasses refining, petrochemicals and specialty chemicals operations. This segment also includes the activities of trading & shipping. The Marketing & Services segment includes worldwide supply and marketing activities in the oil products and services field as well as the activity of New Energies. The company was founded on March 28, 1924 and is headquartered in Courbevoie, France.
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